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“# Indian crypto exchange CoinDCX raises $14M in its third round in 2020 ” CoinDCX, the largest cryptocurrency exchange in India, continues to aggressively expand its business with a massive new fundraise. According to a Dec. 21 announcement, CoinDCX has raised $13.9 million from industry investors like Coinbase and Polychain in its Series B funding round….
“# Paris Saint-Germain and Juventus fan tokens rally 80% to 160% after listing ” On Dec. 14, Binance listed PSG and JUVE, two utility sports fan tokens associated with the Paris Saint-German (PSG) and Juventus (JUV) football clubs. After the listing occurred both tokens surged by 80% to 160% in the past 24 hours. Paris Saint-Germain fan…
“# Here’s why pro traders barely flinched at today’s 8% Ethereum price drop ” On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that the CME’s ETH futures launch…
“# Price analysis 12/21: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM ” MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed the $650 million raised through a recent convertible debt offering. The business intelligence firm…
“# The launch of Apple Pay in Lumi Wallet simplifies crypto purchasing and increased newcomers hundreds of times ” One week after launching the new payment method Apple Pay, Lumi Wallet saw a 209% growth of in-wallet Bitcoin purchase. Lumi developers relate this to the simplification of the crypto purchase procedure and the shortening of…
“# Bitgrail’s founder contributed to $150M loss, Italian authorities allege ” Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the platform’s $150 million hack in 2018. Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from…
“# Cat got your tongue? Bitcoin critics wither in 2020 ” Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin’s performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp. Yet compared to other bull run years…
“# Exmo crypto exchange suffers hack, halts all withdrawals ” Exmo, a cryptocurrency exchange headquartered in the United Kingdom, has suffered a major security breach causing the platform to freeze all withdrawals. According to a Dec. 21 security notice, Exmo detected suspicious withdrawal activity on Monday, with large amounts of major coins like Bitcoin (BTC)…
“# DeFi boom and Bitcoin rally position NEXO to close 2020 with a 480% gain ” Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely tracked BTC but the performance is somewhat lackluster…
“# DeFi projects without decentralized governance? What’s the point? ” The role of governance in the booming decentralized finance industry is a nascent one, and there are ongoing conversations from key figures in the industry around its purpose and what governance may look like in the future. Sam Bankman-Fried of FTX recently shared that his…